Toni Braxton Files for Bankruptcy Again, Owes Up to $50 Million

Published October 7, 2010•Updated on October 7, 2010 at 5:48 pm

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Toni Braxton is still trying to un-break her pocketbook.

The six-time Grammy winner has filed for Chapter 7 bankruptcy a second time, claiming that she owes between a whopping $10 million and $50 million to a host of companies and the government, according to reports.

Braxton, who also filed for bankruptcy in 1998, has assets worth up to $10 million, she said in her Sept. 30 filing, TMZ first reported.

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But Braxton could not pinpoint how much she or her company Liberty Entertainment owed a list of creditors that reportedly includes: DMVs in California and Nevada, Tiffany & Co., Orkin Pest Control, the IRS, Wells Fargo Bank and DIRECTV.

"This was a very difficult decision for Ms. Braxton," Grassgreen told the AP. "However, after months of trying to work out an acceptable arrangement with her principal creditors, she determined that the only way to assure that she could meet her tax obligations and provide for her two small children was to commence these bankruptcy cases."